Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from now. The SCE response data hasn’t been this high since 2013, and it’s increased since the month prior, when U.S. residents expected 4.9% at the time.
Month After Month, Consumer Inflation Expectations Continue to Climb Higher
The cost of services and goods in the United States has risen a great deal and Americans have been worried about rising inflation. Citizens have good reason to worry about inflation as the U.S. central bank has fueled an extreme expansion of the monetary supply since February 2020.
While there have been many protests in American history after the Fed bailed out the megabanks on more than one occasion, this time the Fed was excused for at least a year. The U.S. central bank of course leveraged the coronavirus outbreak (covid-19) as the